Cement News tagged under: New project
India Cements to raise capacity in Tamil Nadu22 March 2012, Published under Cement NewsIndia Cements has begun the process to expand capacities at two of its plants in Tamil Nadu, according to reports from the Times of India. The company has applied to the Ministry of Environment and Forests to obtain the Terms of Reference (TOR) to expand capacities at its existing plants in Dalavoi in Ariyalar district and Padaveedu in Salem district. India Cements has seven plants all situated in South India with a total capacity of 15Mta. It recently commissioned a plant in Mahi, Rajast... |
CMS Cement opens new terminal, Malaysia22 March 2012, Published under Cement NewsCMS Cement, the sole cement producer in the state of Sarawak, East Malaysia, has opened a new cement terminal in Miri as the company aims to better its supply chain operations. In a statement issued by parent company Cahya Mata Sarawak, the terminal is equipped with 6000t of storage capacity, a sealed pneumatic pipeline and two 150t steel hoppers. The new terminal will make cement distribution in Miri more reliable as bulk cement manufactured at the company’s Kuching plant can be trans... |
Dangote Cement to invest in Liberia20 March 2012, Published under Cement NewsDangote cement is planning to invest over US$35m in the west African country of Liberia through its Dangote Cement Liberia subsidiary, Aliko Dangote, group president and CEO, signed a memorandum of understanding with the Liberia government at the head office of the National Port Authority on Friday. The Dangote Group has previously outlined plans to build a 0.5Mta import terminal in Monrovia which is the main commercial port facility in the country. Signing on behalf of the Liberian... |
Semapa announces Brazil investments19 March 2012, Published under Cement NewsSemapa, a Portuguese holding company that controls cement maker Secil, will invest about EUR300m (US$394m) in Brazil’s cement industry, Diario Economico reported, citing the prospectus of Semapa’s bond sale. Semapa will invest about EUR240m in a new plant in Brazil after it agreed to buy a 50 per cent stake in Supremo Cimento SA, the Portuguese newspaper said, citing the document for the planned sale of as much as EUR150m of Semapa bonds. (Source: Bloomberg) |
New Pakistan terminal contract signed19 March 2012, Published under Cement NewsA contract has been signed for construction of Pakistan's first mechanised coal, cement and clinker terminal at Port Qasim (BOT). The facility will be constructed at an estimated cost of US$175m on a 30-year build operate and transfer (BOT) basis. A signing ceremony was recently held between Pakistan International Bulk Terminal (PIBT) and a JV consortium of Turkish firm Siyahkalem-and local firm Maqbool Associates for the civil work contract. The project is expected to be operationa... |
Jaiprakash Power Ventures to enter cement business, India16 March 2012, Published under Cement NewsJaiprakash Power Ventures Ltd has planned to raise up to INR3500 crore to fund its expansion projects and is also entering the cement sector. Its board of directors has authorised raising of funds/resources through various domestic / international options. The funds are to meet the company’s ongoing projects and/or the projects of its joint venture and subsidiary companies as also issuance of further equity shares under institutional placement programme. The company has also decided to... |
Conch plans to start building Indonesian plant this year15 March 2012, Published under Cement NewsChina-based Anhui Conch Cement said it plans to begin construction of a new cement plant in South Kalimantan, Indonesia, later this year. Following a meeting with a delegation from China's Anhui province, Indonesia’s Industry Minister MS Hidayat told the Jakarta Post: "The planned plant in South Kalimantan will be able to produce 2.5Mta of cement.” Conch is currently awaiting the completion of its land acquisition process and a license to be issued by the South Kalimantan administratio... |
Land dispute halts Dangote’s Cameroon plant construction15 March 2012, Published under Cement NewsLand protests have halted construction work on Dangote’s new cement plant in Cameroon, according to reports from the Cameroon Tribune. Despite having reached an agreement in September by Dangote and the Cameroon government, a dispute about a 2000m2 piece of land acquired by the government through a 30-year lease, and sitting close to the Ngondo Annual Cultural site and the Douala Ports Authority complex, has been continuing for the past two weeks. According to reports, the stoppage aim... |
Akmenes sales increase 5%, Lithuania14 March 2012, Published under Cement NewsAkmenes Cementas, Lithuania’s sole cement producer, posted a five per cent rise in sales for the first two months of 2012 to LTL13.4m (EUR3.88m) from LTL12.8m in the same period last year. The company has resumed its upgrade project, which includes converting its kiln line from wet to dry-process technology, due to warmer weather, company representative Giedre Kundrotiene told Baltic News Service. “The construction and installation of a new technological line were somewhat adjusted due... |
Al Jouf Cement secures loan for expansion, Saudi Arabia12 March 2012, Published under Cement NewsSaudi Arabian cement producer, Al Jouf Cement, said it has signed and agreement with Saudi British Bank (SABB) for a SAR350m (US$93.3m) five-year Islamic facility. The financing will form part of the funds needed for the construction of a second production line and dedicated power plant. Earlier this year, Al Jouf Cement said it would invest SAR885m in a second line with a capacity of 5000tpd, together with the power plant. The company said it would use its own funds to cover the rem... |